CBRL Group May Comparable Sales Were Flat
CBRL Group Reports May Comparable Sales
CBRL Group, Inc. ('CBRL') (Nasdaq: CBRL) today reported comparable store sales for its Cracker Barrel Old Country Store(R) restaurants and gift shops for the four-week period ending Friday, May 30, 2008. The sales are compared with the four-week period ending June 1, 2007, not the prior-year fiscal period.
• Comparable store restaurant sales were flat, including the effect of an approximately 3.5% higher average check that resulted primarily from an average menu price increase of approximately 3.7%.
• Comparable store retail sales were up 2.3%.
• Year-to-date fiscal 2008 comparable store restaurant sales increased 0.9%, which included the effect of an approximately 3.3% higher average check. Comparable store retail sales were down 0.4%.
Headquartered in Lebanon, Tennessee, CBRL Group, Inc. presently operates 576 Cracker Barrel Old Country Store restaurants and gift shops located in 41 states.
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